secwatch.observer — SEC 8-K summary
======================================

Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001703644-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point reports Q4 GAAP net loss $17.1M; distributable loss $0.52 per share
--------------------------------------------------------------------------------

- Q4 GAAP net loss $(17.1)M ($0.33/share) incl. $(21.6)M provision; FY net loss $(77.6)M.
- Book value per share $12.91 incl. $(2.71) CECL reserve; dividend $0.20/share declared.
- Loan portfolio $2.9B, 98% floating; resolved $92.6M nonaccrual loan, booked $33.3M loss.
- FY loan repayments/paydowns/resolutions $730.2M; repurchased ~3.8% of shares.
- Post-Q: cash ~$170M; funded $7.1M, received $5.9M paydowns; leverage 2.1x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364424000017/0001703644-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364424000017/gpmt-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001703644-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer